Technology Commercialization in Nevada
The Nevada Governor’s Office of Economic Development (GOED) is leading an initiative to make technology commercialization a high priority in Nevada. A state’s competitiveness hinges on its long-term productivity –and technology commercialization and technological innovation are the most important factors of production.
GOED’s vision for Nevada is to implement Applied Research Centers at each of Nevada’s universities and at the Desert Research Institute (DRI). These centers will conduct research and create intellectual property that will be used to develop new, relevant technologies to help companies grow their R&D base and enhance their growth through innovation. Applied Research Centers will assist companies to turn advanced technologies into production processes and commercial products by working collaboratively with such firms. This model is based on the Fraunhofer Institutes in Germany.
This new model merges academia with economic development. Nevada’s universities are stepping up to support industries and companies facing the challenges of global innovation. Economic development organizations such as GOED in turn support research universities and institutions by helping to strengthen their research capacities.
The Knowledge Fund, administered by GOED, will be a major instrument to recruit highly specialized science and research faculty. This recruitment effort will further expand already existing research areas of excellence in the State, and thereby assist Applied Research Centers in the effort to support industry innovation in Nevada . Through the Knowledge Fund, GOED is supporting four newly-created Applied Research Centers at the University of Nevada, Las Vegas (UNLV), the University of Nevada, Reno (UNR), and the Desert Research Institute (DRI). Learn more about these projects.